Stories: Mohammed Garuba

  • Nigeria’s Banks Felt the Financial-Crisis Shock Waves

    Oct. 17, 2008: A drop in oil prices forces major cutbacks in Nigeria Days after Lehman Brothers filed for bankruptcy, Nigerian banker Mohammed Garuba gathered his business partners in an office in Lagos to figure out how to save their new investment banking firm, CardinalStone Partners. “We were confused, we were scared,” he recalls. “We were supposed to...